All Forum Posts by: Melissa Man

@Dave Passey, it’s not rented out yet, as it’s in the final phase of being built. I will renting it once the house is competed and I make the closing. However, I’m already at a loss since I may have to put out of pocket money to make up for the 2k mortgage, since rent goes for around 1,500 to 2k. Im hopIng for the best

@Shital Thakkar.... do you think it will pick back up? And why the slow down?

@Shital Thakkar thank you, it’s off 380 In little elm Near Savannah

How is the housing market in little elm, Denton co. Is it on the rise or slowing down, like Plano and Frisco area. I just purchase a new build and it’s been a few months I’m the only one on my block. I’m definitely concerned since this is an investment property. Any info on this would surly help. Tnx!

@Dan Barli, near West Long Branch

@Dan Barli, I think I’d feel more comfortable with an umbrella since I have a rental here In NJ and one in another state. Thank you Dan! :)

Is an umbrella policy necessary, if I already have home owners ins. When i already have 2 investment properties. One is in the same state I live in the other one is in another state.

@Sherry Cabrera.. Thank you for your input, greatly appreciated!

@Sherry Cabrera.. I can rent the new build out for about $2k a month. The builder is American Legend. The house is 2,207 sq. Ft. The school district is Denton. They are building 2 more schools one is an elementary school a very short walk from the new build and a high school on the other side of Union Park.

I’m looking to purchase a new build in Little Elm, Tx. Off 380. Purchase price : $298,000 Down payment: $ 80,000 My mortgage will probably be around $2,000 a month Would I be able to rent this out for 2k? In this area. My dilemma is I feel this maybe a bad purchase, but then appreciation maybe good and end of year on taxes getting money back. This is what i have been told. Not sure if I’m being directed properly. Can anyone give me some insight on this. Also if anyone knows the future of this area. Will it be mine a Frisco or Plano? Tnx in advance